Costco Wholesale Corp (COST) Tops Q4 EPS by 2c; Comps Up 7%; to Raise Membership Prices

October 5, 2011 6:28 AM EDT
Costco Wholesale Corp (NASDAQ: COST) reported Q4 EPS of $1.12, ex-items, $0.02 better than the analyst estimate of $1.10. Revenue for the quarter came in at $27.59 million versus the consensus estimate of $27.78 billion.

Comps up 7%.

The Company also announced that effective November 1, 2011, it will increase annual membership fees by $5 for U.S. Goldstar (individual), Business, Business add-on and Canada Business members. With this increase, all U.S. and Canada Goldstar, Business and Business add-on members will pay an annual fee of $55. Also effective November 1, U.S. and Canada Executive Membership annual fees will increase from $100 to $110, and the maximum 2% reward associated with Executive Membership will increase from $500 to $750. The fee increases will impact a little over 22 million members, roughly half of which are Executive Members.

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